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Compare TD Target 2028 Investment Grade Bond ETF (TBCH) vs RBC Target 2031 Canadian Corporate Bond ETF (RQT) to find the best fit for your portfolio. TBCH provides Finance, Telecommunications, and Utilities exposures, while RQT is primarily weighted in Finance, Energy, and Utilities. When evaluating costs, TBCH features a management fee (MER) of 0.2%, compared to 0.2% for RQT. Performance-wise, TBCH has returned 0.94% year-to-date with +$50 M in net flows, whereas RQT is at 0.16% with +$193 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
TBCH
RQT
| AuM | $112.42 M | $400.89 M |
| Management Fees | 0.20% | 0.20% |
| Exp. ratio | 0.22% | 0.23% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | TBCH | -0.27% | -0.10% | +0.94% | +1.47% | - |
RQT | -0.90% | -1.50% | +0.16% | +0.52% | - | |
| Flows | TBCH | +$20 M | +$37 M | +$50 M | +$66 M | - |
RQT | +$10 M | +$47 M | +$193 M | +$364 M | - |
TBCH vs RQT exposure
Countries
TBCH
Canada
69.26%
USA
30.39%
RQT
Canada
83.98%
USA
12.98%
Sectors
TBCH
Finance
55.39%
Telecommunications
15.68%
Utilities
12.05%
Industrials
8.09%
Other
8.79%
RQT
Finance
59.26%
Energy
16.29%
Other
24.46%
As of September 11, 2026
Top 10 Holdings
TBCH
Sun Life Financial, 2.8% 21nov2033, CAD (2021-2)
7.01%
Royal Bank of Canada, 1.67% 28jan2033, CAD (23)
6.90%
Toronto-Dominion Bank, 1.896% 11sep2028, CAD
6.88%
Athene Global Funding, 2.47% 9jun2028, CAD (2021-14)
6.55%
Fortis Inc, 2.18% 15may2028, CAD
6.55%
Goldman Sachs, 2.013% 28feb2029, CAD
6.55%
New York Life Global Funding, 2% 17apr2028, CAD (2021-6)
6.48%
MetLife Global Funding I, 1.95% 20mar2028, CAD (2021-6)
6.47%
Bell Canada, 2.2% 29may2028, CAD (M-56)
6.23%
Granite REIT Holdings, 2.194% 30aug2028, CAD
6.18%
RQT
Bank of Nova Scotia, 3.61% 30jan2032, CAD
8.30%
CIBC, 3.65% 13jan2032, CAD
8.22%
Bank of Montreal, 3.539% 3mar2032, CAD
7.28%
Federation des caisses Desjardins du Quebec, 3.714% 16jul2031, CAD
6.50%
Toronto-Dominion Bank, 3.687% 9jan2032, CAD
6.22%
Goldman Sachs, 3.641% 5mar2032, CAD
6.03%
Alphabet, 3.65% 15may2031, CAD
5.27%
North West Redwater Partnership, 2.8% 1jun2031, CAD (N)
4.39%
Enbridge, 3.57% 26feb2031, CAD
3.74%
Toronto-Dominion Bank, 3.857% 7apr2032, CAD
3.27%
Diversification
TBCH
Total weight of top 10 holdings out of 25 total
65.81%
RQT
Total weight of top 10 holdings out of 41 total
59.21%
Characteristics
Compare
TBCH
RQT
| Provider | TD Asset Management | RBC Global Asset Management |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | ||
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.78% | 3.43% |
| Meets ESG criteria | No | No |
| Inception Date | January 14, 2025 | April 1, 2025 |
Frequently asked questions about TBCH and RQT
Which ETF has performed better year to date: TBCH or RQT?
As of September 11, 2026, TBCH has returned 0.94% year to date, while RQT has returned 0.16%. TBCH is ahead on YTD performance.
Which ETF is larger by assets under management: TBCH or RQT?
As of September 11, 2026, TBCH manages $112.42 M in assets, while RQT manages $400.89 M. RQT is the larger fund by AUM.
How are TBCH and RQT managed?
TBCH is actively managed by TD Asset Management. It does not track an index. RQT is actively managed by RBC Global Asset Management. It does not track an index.
What sectors do TBCH and RQT emphasize?
TBCH is most exposed to Finance, Telecommunications, and Utilities. RQT is most exposed to Finance, Energy, and Utilities.
Which ETF is attracting more investor flows: TBCH or RQT?
Year to date, TBCH has seen +$50.37 M in net flows, compared with +$193.45 M for RQT. RQT has attracted more net investor money so far.
How do the fees of TBCH and RQT compare?
TBCH has an expense ratio of 0.22%, while RQT has an expense ratio of 0.23%.
What are the top holdings of TBCH and RQT?
TBCH's largest holdings include Sun Life Financial, 2.8% 21nov2033, CAD (2021-2), Royal Bank of Canada, 1.67% 28jan2033, CAD (23), and Toronto-Dominion Bank, 1.896% 11sep2028, CAD. RQT's top holdings include Bank of Nova Scotia, 3.61% 30jan2032, CAD, CIBC, 3.65% 13jan2032, CAD, and Bank of Montreal, 3.539% 3mar2032, CAD.
Which ETF is more diversified: TBCH or RQT?
TBCH holds 25 securities, while RQT holds 41. On holdings count, RQT is the more diversified portfolio.
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